Showing 1 - 2 of 2
The Suppes-Sen dominance relation is a weak and widely accepted criterion of distributive justice. I propose its application to Nash bargaining theory. The Nash Bargaining Solution (NBS) is characterised by replacing the controversial Independence of Irrelevant Alternatives axiom with an axiom...
Persistent link: https://www.econbiz.de/10005677866
Inspired by the model of Kalai and Satterthwaite (1994), I define a class of abstract games which are proved to be dominance-solvable. I show moreover that, in the leading subclass of co-ordination games, they are solvable on the unique Pareto-dominant outcome.
Persistent link: https://www.econbiz.de/10005784830